Discussion

Explanation:

For first Rs. 200000, Shyam gets, 6000/(4000 + 6000) × 100 = 60% of the profit.

For next Rs. 200000, he gets 20% + plus 60% of the remaining profit.

i.e. 20% + 80 × 0.6% = 68%

Similarly, for a profit margin greater than Rs. 400000, he will get, 35% + 65 × 0.6% = 74% of the profits beyond Rs. 400000

Now, for a profit of first Rs. 400000, Shyam will receive 200000 × (68 + 60)/100 = 256000

But Shyam earns a total profit of 367000.

Let total profit earned by them be Rs. 400000 + x.

Hence, Shyam received 367000 – 256000 = Rs. 110000 from Rs. x profit.

i.e. Rs. 110000 is 74% of x.

Hence, x = 110000/0.74 = 150000

Hence, total profit earned by them = 400000 + 150000 = Rs. 550000

Hence, option (d).

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